Layer3 Airdrop Claims and Staking to Launch Today

Layer3 L3 Token Airdrop Claims and Staking to Launch Today

Layer3, a new token distribution platform, is set to launch its L3 token claims on July 30. The platform offers a dual-option token allocation system that serves both conservative investors seeking immediate liquidity and those aiming to maximize returns through staking. The staking option provides unique benefits, including higher APY for locked tokens, and exclusive platform features for higher future allocation.

Additionally, Layer3 has outlined specific rules to ensure fairness and transparency, including prohibiting team members, venture capitalists, and advisors from participating in the staking program. Furthermore, a 12-month vesting period for these groups is designed to prevent undue advantages and promote equity, showcasing Layer3's commitment to addressing biases in token distribution within the Web3 community.

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Hamster Kombat Airdrop Delayed as Pre-Market Trading Soars

Viral Telegram-based game Hamster Kombat, which planned to launch its token on TON in July, is experiencing delays with its large-scale airdrop deployment. Despite the website still listing a July target, developers indicated that the token debut is unlikely to happen within the next two days. They cited the complexity of the technical task and potential network overload as reasons for the delay.

While the team stopped short of confirming a delay, they are actively working with the TON blockchain team to ensure a smooth airdrop process. Additionally, OKX announced pre-market futures trading for the future HMSTR token, set to launch on August 1. Hamster Kombat has gained over 250 million players but has not yet disclosed the conversion rate from in-game coins to on-chain tokens.

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One Trading to Offer EU's First Regulated Crypto Derivatives

Netherlands-based One Trading, formerly Bitpanda Pro, has obtained an Organized Trading Facility (OTF) license from Dutch authorities, positioning it as a regulated crypto derivatives exchange under the Markets in Financial Instruments Directive (MIFID) II in Europe. This makes One Trading the only perpetual futures trading venue in the EU and the first cash-settled perpetual platform in Europe.

AFM confirmed the issuance of the OTF license, marking a first for a crypto company in the Netherlands. CEO Joshua Barraclough stated that the company is positioned to introduce new regulated products and offer institutional-grade solutions, starting with BTC and ETH. Meanwhile, Slovenia became the first EU member to issue a sovereign digital bond with a 30 million euro ($32.5 million) note that settled onchain.

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Artists Sue SEC Over Unclear Security Status of NFTs

Two artists, law professor and filmmaker Brian Frye and songwriter Jonathon Mann, have sued the US Securities and Exchange Commission (SEC) to determine if nonfungible tokens (NFTs) fall under the SEC's authority. Their attorneys seek clarification on whether creating and selling NFT art triggers US securities laws, including whether artists must register their NFT art and disclose risks to buyers.

Using Taylor Swift concert tickets as an analogy, the lawsuit argues that treating NFTs as securities would be absurd. The artists seek declaratory relief against potential SEC enforcement, highlighting that such actions threaten artists by targeting those using NFTs as a creative medium. This follows the SEC's first NFT-related case against Impact Theory, which allegedly promoted NFTs as investments.

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Data of the Day

For the first time, Solana's weekly total fees surpassed Ethereum's, reaching approximately $25 million compared to Ethereum's $21 million in the week of July 22, 2024. This surge is fueled by a frenzy in celebrity coin trading on Solana-based platforms like Pump.fun (which just flipped Ethereum by 24h revenue) and Moonshot, contributing to meme coins exceeding $50 billion in market cap.

Solana's total value locked (TVL) tripled in 2024, reaching $5.5 billion, with daily total fees peaking at $5.5 million on July 28. Solana validators have earned significant revenue from tips and maximum extractable value (MEV), leading to cumulative rewards of over $32 million with a 7% yield. Despite these gains, Ethereum remains the leader in TVL at nearly $60 billion and hosts the most protocols.

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More Breaking News

• Solana meme coin Neiro's dev made $2.85 million. With $183 invested in 3 SOL tickers, their $2.85 million profit is 5,169x, worth over $550.
• A Hong Kong lawmaker promised to discuss “including Bitcoin in financial reserves” after former US President Donald Trump's speech over the weekend.
• DEXs' market share has reached an all-time high, with a monthly trade volume of 14.22% compared to CEXs, surpassing the previous record high of 13.7%.
• Data from Arkham Intelligence shows that $2 billion worth of BTC was transferred from a wallet purportedly owned by the US government to an unidentified wallet.
• PayPal's Solana-based PYUSD stablecoin supply is already closing the gap on its Ethereum PYUSD version, despite launching just a few months ago.
• 21Shares Core Ethereum ETF (CETH) has implemented Chainlink Proof of Reserve on the Ethereum mainnet to increase reserve transparency.

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